Apulia Station Estate Planning Lawyer, New York, page 2

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Includes: Gift Taxation

Pamela Jill Day

Commercial Real Estate, Estate Planning, Employee Rights, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  29 Years

Stewart Meagher Mcgough

Commercial Real Estate, International Tax, Estate Planning, Consumer Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  45 Years

Susan Lee King

Commercial Real Estate, Estate Planning, Estate, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Francesco Fabiano

Estate Planning, Family Law, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  37 Years

Peter Joseph Thompson

Education, Traffic, Estate Planning, Family Medical Leave Act (FMLA)
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  27 Years

Mary Catherine King

Commercial Real Estate, Estate Planning, Divorce & Family Law, Civil & Human Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  20 Years

Ryan Thomas Emery

Commercial Real Estate, Immigration, Estate Planning, Consumer Rights, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Patrick Anthony Langan

Real Estate, Estate Administration, Estate Planning, Criminal, Business Organization
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  8 Years

Kayla Claire Champagne

Estate Administration, Trusts, Estate Planning, Elder Law, Commercial Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Laurie Colton Oliver

Intellectual Property, Estate Planning, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  32 Years

Free Help: Use This Form or Call 800-814-6700

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800-943-8690

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LEGAL TERMS

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)
A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

NET ESTATE

The value of all property owned at death less liabilities or debts.

DEED OF TRUST

See trust deed.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)
The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)
Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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